Mortgage Lending Profits Fall by Almost One-Third
Independent mortgage banks and mortgage subsidiaries of chartered banks saw an average per-loan profit of $3,738 in the fourth quarter of last year, a nearly on
Mortgage Bankers Association
Slowing Mortgage Market Could Lead to Looser Lending
The forecast for the 2013 residential mortgage market wasnât all that optimistic. Back in December, the Mortgage Bankers Association said it expected refinance volume to slip to $785 billion from $1.2 trillion in 2012, while purchase money mortgage activity was slated to increase only slightly from $503 billion to $585 billion. After all, there are [&hellip
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Mortgage Due Dates 101
If you recently took out a mortgage, or have been thinking about purchasing real estate, you may be wondering when your mortgage payments will be due each month, among other things (like how late Ikea is open). Well, mortgage payments are generally due on the first of the month, every month, until the loan reaches [&hellip
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5 Things to Know If Considering Mortgage Forbearance
If youâre a homeowner, or just became one during the pandemic, youâve likely heard of mortgage forbearance. Not to be confused with mortgage forgiveness, it allows borrowers to suspend mortgage payments for a period of time if experiencing a hardship related to COVID-19. Eventually those missed payments need to be repaid, likely via a payment [&hellip
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Mortgage Rates Start Summer Near 2017 Lows … Will It Hold?
Find out how the recent Federal Reserve rate hike could affect your home-buying and refinancing plans.
Should I Buy Down My Rate After 2017 Fed Rate Hikes?
What the current market outlook means for you.
2020 Mortgage Rate Predictions: Expect Flat to Better
As 2019 wraps up, itâs time once again to consider what the future holds for mortgage rates. Looking back over the past 12 months, it was another great year for anyone looking to buy a home or refinance, at least with regard to interest rates. Sure, home prices arenât on sale anymore, nor have they [&hellip
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2019 Mortgage Rate Forecast: We Could Be in for a Big Surprise
Just like that another year has passed, well almost, so itâs time once again to look forward to what the next 365 days might bring. Will 2019 be a winner for mortgage rates, or will home buyers and refinancers face more agony like they did in 2018? As always, I compile predictions and data from [&hellip
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Mortgage Forbearance Rate Only Rises 3% From a Week Ago, But Second Wave Could Be Coming
Maybe thereâs some good news out there, or maybe itâs just the calm before another storm. The mortgage forbearance rate barely budged during the week ending May 10th, per the latest installment of the Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA). The group said the total number of loans in forbearance [&hellip
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Mortgage Forbearance Rate Up Near 8%, Housing Assistance Fund Proposed
The mortgage forbearance rate increased again last week, rising to 7.91% from 7.54% a week earlier, per the Mortgage Bankers Association (MBA). That marked the smallest weekly increase (4.91%) since the newly-created Forbearance and Call Volume Survey was launched, but itâs important to remember it was only 0.25% back in March. Additionally, the weekly gains [&hellip
The post Mortgage Forbearance Rate Up Near 8%, Housing Assistance Fund Proposed first appeared on The Truth About Mortgage.